KYIV. July 30 (Interfax-Ukraine) – Mriya agroholding has started sowing winter crops for the 2016 harvest and plans to sow them on around 100,000 hectares, the company said in a press release.
The company said that winter rapeseeds will be sowed on over 20,000 hectares which as already begun.
The agroholding is restoring and expanding its technical fleet to ensure stable operations during the sowing and harvesting campaigns. Over the past three months the company bought and leased machinery worth over $55 million. In the near future, harvesters for sunflower seeds, tractors and self-propelled spraying machines will be supplied.
Mriya was founded in 1992 by Ivan and Klavdiya Huta. It grows wheat, barley, rapeseeds, sugar beet, buckwheat, and potatoes.
In August, 2014, Mriya reported arrears worth $9 million of interest earnings and nearly $120 million of debt held under the company’s obligations. Mriya’s total debt equaled $1.3 billion when the company’s bankruptcy was announced.
Mriya’s creditors have not agreed on debt restructuring programs. In January 2015, a temporary liquidator from British Virgin Islands was appointed to run Mriya under a court ruling. Operation control over the agroholding was passed to creditors who elected new top managers of the company.
